After a $10 million fraud, Josh Schuster's victims try to claw back their cash
About this episode
The episode explores the impact of Wall Street bonuses on luxury real estate and the fallout from Josh Schuster's fraudulent activities.
In this week’s episode of Deconstruct, a podcast from The Real Deal, hosts Lilah Burke and Hannah Kramer examine how record Wall Street bonuses could influence New York City’s luxury real estate market, preview the upcoming trial of a former Vornado executive accused of fraud, discusss foreclosure risks at Kaufman Astoria Studios, and why Palantir’s Miami headquarters announcement may not be what it seems. Then Senior Reporter Rich Bockmann joins the podcast to explain how infamous developer Josh Schuster rose to prominence, fell from grace, and how the would-be investors he left behind are struggling to claw back their profits.
People in this episode
Hosts: Lilah Burke, Hannah Kramer
Guest: Rich Bockmann
Topics covered
- Wall Street bonuses
- luxury real estate market
- fraud trial
- foreclosure risks
- developer downfall
- investor struggles
Keywords
- fraud
- real estate
- Wall Street
- investors
- foreclosure
- Josh Schuster
- Vornado
- Palantir
- Kaufman Astoria Studios
Mentioned in this episode
Organizations: Vornado, Palantir
Places: New York City, Kaufman Astoria Studios
More episodes of Deconstruct
- Why private clubs are popping up everywhere in New York City
- Spring selling season is here. Will NYC's luxury real estate market bloom?
- Real estate after Zohran Mamdani's first 100 days
- Zillow vs. Compass: behind the battle to control home listings
- A constitutional crisis in Section 8 housing
- Who's still buying NYC's rent stabilized buildings?
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